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Furniture industry and trade.

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In this new volume of Research in Economic History, editors Christopher Hanes and Susan Wolcott bring together a cast of expert contributors to vigorously interrogate and analyze historic economics questions, looking across the political economy of the US, European history, and longstanding economic debates.

Economic history. --- Wages. --- Cost and standard of living --- Saving and investment --- Gross domestic product

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The furniture industry (NAICS 337) plays an important role in the U.S. economy as a bellwether for manufacturing through its utilization of a global production network. Types of furniture range from household to institutional, with particular growth in firms supplying medical and government-related commodities. The industry is highly responsive to fashion trends, but is partitioned into high, medium, and low cost segments that reveal different locational and market responses to changes. Recent developments indicate that the post-1980s migration of furniture manufacturing to offshore, low labor cost countries has stabilized and shows some faint signs of reshoring in the United States for high end customized and technologically intensive products utilizing the remaining embedded skilled labor and locally clustered industry components. Businesses that survived the recessionary "creative destruction" largely adopted lean manufacturing processes and took advantage of available lower cost equipment and buildings to upgrade their production practices, absorbing market from former competitors. New partnerships occurred with branch and headquarter relocations in Asia, along with cooperative supplier relationships with former U.S. and new foreign companies. Industry survivors adopted practices that could be highly instructive for other manufacturers challenged by globalization to grow stronger by increasing their adaptive capacity. An overview of the industry and its global production network includes the manufacturing technologies of each sector.

Furniture industry and trade. --- hemispherization --- reshoring --- adaptive capacity --- textiles --- creative destruction --- upholstered furniture --- wood furniture/case goods --- value and supply chain --- global production network --- spatial fix --- lean manufacturing --- global trade --- competitive strategies --- Furniture

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Volume 34 contains articles on the economic history of Europe, North America and South America and brings new analysis, and newly created datasets to address issues of interest. Two of the papers present newly constructed datasets. In "Prices, Wages and the Cost of Living in Old Republic São Paulo: 1891-1930", Ball presents a newly constructed real wage index. São Paulo was the main destination for immigrants to Brazil in this period, but there has never before been sufficient data to analyse why. In "Multiple Core Regions: Regional Inequality in Switzerland, 1860 to 2008", Stohr uses the wealth of available Swiss data on agriculture and employment to create GDP measures for subregions in Switzerland. He uses these data to argue that aggregate inequality in Switzerland was low in the initial push to industrialization because there were multiple, similar centers industrializing simultaneously, thus mitigating inequality across regions. Two of the papers gather together existing data so that it can be analysed for the first time in a consistent manner. In "The forgotten half of finance: working-class saving in late nineteenth-century New Jersey", Bodenhorn uses previously unexplored consumer surveys to characterize the savings behavior of the working class. And in "Heights across the last 2000 years in England", Galofré-Vilà, Hinde, and Guntupalli gather all existing skeletal data for England for 2000 years to create a consistent longitudinal height series. They compare the series to height series of other regions as well as other measures of well being in England. And finally, in "Monetary Policy and the Copper Price Bust: A Reassessment of the Causes of the 1907 Panic", Rogers and Payne dig into the details of copper prices to discover the link between the Bank of Englands contractionary monetary policy and changes in real asset prices. Their findings have important implications for understanding the mechanisms of monetary policy.

Economic history. --- Economic conditions --- History, Economic --- Economics --- Economic history --- E-books --- Wages. --- Cost and standard of living --- Saving and investment --- Gross domestic product --- Business & Economics --- Economic History. --- Domestic product, Gross --- GDP --- Gross national product --- Accumulation, Capital --- Capital accumulation --- Capital formation --- Investment and saving --- Saving and thrift --- Capital --- Supply-side economics --- Wealth --- Investments --- Comfort, Standard of --- Cost of living --- Food, Cost of --- Household expenses --- Living, Cost of --- Living, Standard of --- Standard of living --- Consumption (Economics) --- Home economics --- Households --- Quality of life --- Luxury --- Prices --- Purchasing power --- Wages --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Surveys